Feasibility Studies Preparation, Analysis & Evaluation
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A well-developed feasibility study is an essential foundation to allow project analysis and design activities to commence in a focused manner. It either refines a business case by examining the range of possible options and potential issues or forms a basis for its development.
Feasibility studies address issues that could influence the success of a potential project and assess the advantages and disadvantages of each option so they can be ranked. The end product of the study is a clear, concise report which presents the proposed project’s objectives, with conclusions and recommendations for the next phase.
Course Objectives
By the end of this course, participants will be able to:
- Employ individual leadership performance by identifying methods of completing feasibility studies
- Discover effective project planning for feasibility studies for individuals and teams
- Examine project management techniques to plan and organise feasibility studies
- Use stakeholder management to involve stakeholders in feasibility studies
- Apply useful planning, organisation and people management skills
Who Should Attend?
- Those who desire to learn practical project management techniques of a feasibility study that will assist them in completing work and projects
- Those who may also be a in position whereby they are required to review, analyse and make recommendations to Senior Management on the quality of a previously developed feasibility study
Course Outline
- Introductions, course purpose, goals and objectives
- What are feasibility studies and why are they important?
- Feasibility studies: definitions, principles and concepts
- Identifying where a feasibility study occurs in a project plan
- Creating and protecting ‘value’
- Understanding the business need
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